Summit Materials announced that its board of directors has appointed Joseph S. Cantie as a new director, also serving on the Audit Committee. Cantie has more than 30 years of financial and operating experience primarily in the industrials sector. With the appointment of Cantie, Summit’s board now comprises eight members.
Tom Hill, CEO of Summit, stated, “We are thrilled to add Joe to our board of directors. His combined financial and operating experience, along with his tenure at a big four accounting firm, provide a diversified knowledge base and additional perspective to our growing Company. We look forward to his positive contribution to Summit as we continue to demonstrate the strength of our materials based-strategy, successful acquisition track record and commitment to further expanding Adjusted EBITDA to generate additional shareholder value.”
Howard Lance, chairman of Summit, added, “Joe will be a significant addition to our board given his past experience and we are pleased to welcome him as a new independent director. I look forward to working with him, along with the rest of the board to further advance our strategic goals and objectives.”
Cantie is the former executive vice president and chief financial officer of ZF TRW, a division of ZF Friedrichshafen AG , a global automotive supplier, a position he held from May 2015 until January 2016. He served in similar roles at TRW Automotive Holdings Corp., which was acquired by ZF. Industries in May 2015, since 2003. Prior to that time, Cantie held other executive positions at TRW, which he joined in 1999.
From 1996 to 1999, Cantie served in several executive positions with LucasVarity Plc, including serving as vice president and controller. Prior to joining LucasVarity, Cantie spent 10 years with KPMG. He is currently a director for TopBuild Corp. where he serves on the audit, compensation and governance committees, and for Delphi Automotive PLC where he serves on the audit and finance committees. Mr. Cantie is a certified public accountant and holds a Bachelor of Science degree from the State University of New York at Buffalo.